FTSE100 D1 - Short SignalFTSE100 D1
Caught in the range between the alluring 7725 sell zone and the steadfast 7275 support price. This range encompasses a substantial 450-point span, bridging the chasm between resistance and support, offering enticing opportunities on both sides of the spectrum. Notably, FTSE100 has been graced with compelling wick rejections, particularly in recent days, and yesterday's closing performance was the proverbial cherry on top.
The measure, spanning roughly 10R from resistance to support, presents an ideal setup for discerning traders who prefer to navigate the higher timeframes with a "set and
UK100 CFD
#FTSE100 Santa clause rally to continue? CAPITALCOM:UK100 index has demonstrated a substantial ascent, exhibiting a remarkable 6.5% increase from its October lows to the conclusion of the calendar year. This surge followed the emergence of a bullish divergence, further fortifying the positive sentiment surrounding the index. Notably, the recent breach of the wedge pattern suggests a potential continuation of this upward trajectory.
Anticipating a retest of the 7650 level, I posit that the index is poised to sustain its positive momentum, buoyed by the prevailing bullish forces in the CAPITALCOM:US500 US equities market. This projection is underpinned by the conviction that the ongoing momentum in US equities will exert a continued uplifting effect on the UK100 index, thereby contributing to further gains.
FTSE 100 UK100 trade idea for 20/12/2023 BullishFTSE 100 UK100 trade idea for 20/12/2023
FTSE 100 is in upward channel on daily chart. It broke out of it 2 days ago but came down back inside the channel again.
Tomorrow 20th Dec a major catalyst CPI data is released an hour before the market open. This surely will bring major volatility which gives the traders a good opportunity to grab some points if traded on the correct side.
Key levels based on technical analysis for long trade:
Entry: Ideally a dip to 7626 or 7604
Targets: 7665,7685,7724,7746
Support: 7584,7545
Thanks for reading, feedback welcome.
FTSE Close to a major bullish break-out. Be ready.It's been almost 2 months since we last looked into FTSE 100 (UK100) but the index didn't fail to deliver as it hit our 7535 target (see chart below) and got rejected inside the 6-month Resistance Zone:
Despite the inability so far to break above the 7690 - 7750 Resistance Zone, the index did succeed at making the first important bullish break-out above the Lower Highs trend-line of the All Time High (ATH). Breaking above the Resistance Zone would be the second and final bullish signal but the rejection so far has made it test the first Support on the 1D MA200 (orange trend-line), with the 1D MA50 (blue trend-line) right below. In fact the two are close to forming a 1D Golden Cross, with the last registered occurrence being on December 28 2022.
In fact as you can see, the two sequences (current and October - December 2022) are so far quite similar. Once the Resistance Zone broke in January 2023, the rally extended almost as high as the 1.382 Fibonacci extension. As a result, any pull-back after the current Resistance Zone breaks, is technically a buy signal. Our long-term target is 8300 (slightly below the 1.382 Fibonacci level).
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UK100 to continue in the upward move?UK100 - 24h expiry
There is no clear indication that the upward move is coming to an end.
The trend of higher lows is located at 7400.
Risk/Reward would be poor to call a buy from current levels.
A move through 7575 will confirm the bullish momentum.
The measured move target is 7620.
We look to Buy at 7545 (stop at 7505)
Our profit targets will be 7645 and 7665
Resistance: 7575 / 7600 / 7620
Support: 7540 / 7525 / 7510
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 H1 I Potential bearish reveral?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 7581.44, which is an overlap resistance.
Our take profit will be at 7540.44, an overlap support level.
The stop loss will be placed at 7615.14, above a swing-high resistance level.
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UK 100 FTS100 Trade Swing trade IdeaFTSE 100 is showing bullish sign.
It is in an ascending channel upwards.
A crossover above the major down trend resistance line at 7583 might trigger a quick movement to 7675 and 7697 with an ultimate target of 7748.
Support at 7456 and 7403.
Any feedback is most welcome to improve my analysis. Many Thanks.
UK100 to find buyers on dips?UK100GB - 24h expiry
A lower correction is expected.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 7525 will confirm the bullish momentum.
The measured move target is 7575.
We look to Buy at 7500 (stop at 7460)
Our profit targets will be 7600 and 7620
Resistance: 7525 / 7560 / 7575
Support: 7500 / 7475 / 7450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Market Analysis: UK100 Shows Bullish SignsOn the morning of Friday, December 1, the UK stock market index rose to its November highs. This was facilitated by the fundamental background:
→ among the UK100 growth leaders are shares of companies mining ore and other resources. As metal prices rise and industry in China shows signs of recovery;
→ general sentiment on the world's stock markets due to the fact that the policy of raising rates pursued by the central banks of Western countries has come to an end. Fed Chairman Powell is expected to speak this evening, which could provide more evidence of this.
→ Since the UK100 index has performed weaker relative to other indices (due to higher inflation in the UK), it may be undervalued.
The UK100 Index chart shows signs of bullish activity:
→ on the last day of November, the price tested the psychological level of 7400, forming a long lower shadow (a sign of demand strength);
→ the price continues to develop dynamics within the November ascending channel (shown in blue). It is possible that in December we will see the price rise to its upper limit.
→ a breakdown of the black line, dating back to September, may confirm important changes in market sentiment.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
UK100GB ShortThis index is forming a rising flag, which might be an indication of a potential bearish momentum.
Also, according to the clients' sentiment, the majority of traders are buying the index - 72%, and I anticipate that the price might move in their favor.
My entry point is 7400, my stop loss at 7480, and my TP at 7230, as my R: R for this trade is 1:2.
Note, risk only 1% of your account.
FTSE to continue in the upward move?UK100 - 24h expiry
The correction lower is assessed as being complete.
The rally was sold into but, the dip lower has stalled.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7500 will confirm the bullish momentum.
We look to Buy at 7475 (stop at 7440)
Our profit targets will be 7575 and 7600
Resistance: 7550 / 7575 / 7600
Support: 7475 / 7450 / 7425
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FTSE to find buyers at market?UK100 - Intraday
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
Short term RSI has turned positive.
A move through 7425 will confirm the bullish momentum.
The measured move target is 7525.
We look to Buy at 7365 (stop at 7315)
Our profit targets will be 7485 and 7515
Resistance: 7425 / 7475 / 7525
Support: 7400 / 7340 / 7320
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100: Thoughts and Analysis Today's focus: UK100
Pattern – LH decline
Support – 7375 - 7250
Resistance – 7466 - 7710
Hi, and thanks for checking out today's update. Today, we are looking at the UK100 on the daily chart.
Today's video asks if the UK100 will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today's video update? Are the lower highs after the trend break and failed rally yesterday a new momentum shift to sellers in the short term?
We continue to look at major index influences and watch today's UK GDP. If buyers are able to reverse today's selling and break the 7466 resistance, this will cancel out this sell idea.
Good trading.
FTSE REMAINS INDECISIVEIn the reported financial update, the FTSE 100 index experienced a slight decline of 0.11% to close at 7,401.72 on Wednesday. This drop was primarily driven by weaknesses in the financial and mining sectors but was partially offset by robust results in the retail sector. Notable companies such as National Grid, BP, Shell, Anglo American, and Fresnillo contributed to the index's decline. In contrast, Marks & Spencer reported a significant surge in first-half profits, leading to an almost 9% increase in its share price. Other retailers like JD Wetherspoon saw strong sales growth, while ITV reported modest revenue improvement but faced a 6% drop in its share price.
Additionally, the economic news highlighted Eurozone retail sales declining for the third consecutive month, with notable drops in non-food products and automotive fuel, though August's figures were revised upward.
On the technical side, RSI is in the neutral zone, but MACD is showing buy signals. In case of Bullish movement, the price might reach levels of 7491. As a pivot point might be considered 7409, from where the price might fall to 7351.
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Will UK100GB turn positive?UK100GB - 24h expiry
Price action looks to be forming a bottom.
Short term RSI is moving higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 7400 will confirm the bullish momentum.
The measured move target is 7500.
We look to Buy at 7350 (stop at 7300)
Our profit targets will be 7470 and 7500
Resistance: 7400 / 7450 / 7500
Support: 7350 / 7325 / 7300
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 forming a bottom?UK100GB - 24h expiry
Price action looks to be forming a bottom.
Price action has continued to trend strongly lower and has stalled at the previous support near 7250.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7280 (stop at 7230)
Our profit targets will be 7400 and 7430
Resistance: 7350 / 7420 / 7450
Support: 7300 / 7280 / 7250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FTSE Last drop before buying for the medium-term.The FTSE 100 Index (UK100) delivered a strong short-term buy signal last time we looked at it (see chart below):
The index has been since rejected twice on the Lower Highs trend-line of what is almost a year long Descending Triangle. We will wait for a test of the Support Zone, ideally when the 1D RSI tests its Higher Lows trend-line and buy for the medium-term. Our target is the 0.618 Fibonacci retracement level at 7535.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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